Congratulations ScalaFX for coming out of the closet!
- Joined May 2008 | Status: dynamic | 2,412 Posts
Invincibility lies in the defence, the possibility of victory in the attack
Trading Myths and Some Forex Math 337 replies
What are your favorite trading myths? 145 replies
Popular Trading Tips: Truths or Myths 36 replies
Dispelling Some Myths on Trading Practices 23 replies
Trading Myths 35 replies
Dislikeddon't know if that is making it harder, or easier. i don't believe pit traders have (had?) charts in front of them as they yell and scream, but maybe i'm wrong.Ignored
Disliked@Cindy and Nubcake,
People who trade without charts successfully usually are those who rely on other types of information (other than the mere graphical representation of past prices), such as insider info, news/news to be released, etc. etc.
Some do that and look only at charts when about to place the trade (to gauge entry).
Without going into detailed examples, perhaps I should tell/remind you that some of the market participants that may have effect on price (i.e. whose transactions may significantly move price) may not even look...Ignored
DislikedThe top 2 most ridiculous trading myths I've ever heard:
1.) All day traders are gamblers
2.) Speculators are evil
EDIT:
Also forgot another one:
3.) Short sellers are hurting the market <---this one makes me lol every timeIgnored
DislikedSo whats the point o making it so hard? The chart could save a lot of headaches surely! but I see what your saying... Now THAT would take some skill...Almost like a blind man skateboarding!!!Ignored
DislikedWhile they cannot see; I used to care for a blind guy, all their other senses are far more sensitive.
My dad, was a chef, used to have a saying when putting the food the table, "Don't eat with your eyes." The same can/should be said for trading.Ignored
DislikedSo is there anyway you know of that a retail guy could take on the heavy weights without a chart?Ignored
DislikedThe holy grail is a term that, when used within the context of trading/gambling, refers to a system/method/strategy/style/whatever that wins consistently.
I'm saying that it's amusing to hear people say there is no holy grail, you just have to win more than you lose. lolIgnored
DislikedMyth: that one Martingale trading system offers better risk-adjusted-return than another.
Myth: that backtesting a Martingale system is a worthwhile exercise.Ignored
DislikedMartingle = Gambling
Gambling in trading = Smallest fish in the sea
just my opinionIgnored